Volvo Group completes acquisition of Proterra’s battery business (update)
By acquiring Proterra Powered’s plant in Greer, South Carolina, Volvo Group gets a brand new battery factory that started production in 2022 /Proterra
Swedish Volvo Group, the parent company behind Volvo Trucks, Mack Trucks, and Renault Trucks, has acquired Proterra's battery plants in the US. Volvo Group paid $210 million (€195 million) before adjustment for inventory level at closing, including a development center for battery modules and pack
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